Annual Report for the Financial Year 2024-25
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ecoboard Industries Ltd (BSE: 523732) submitted its Annual Report for FY2024-25. Revenue from operations fell sharply to ₹1,271.78 lakhs from ₹2,975.59 lakhs in FY23-24, a decline of about 57%. The company posted a loss before tax of ₹1,828.32 lakhs (vs ₹719.10 lakhs loss last year), including exceptional items of ₹855.79 lakhs. Loss per share widened to ₹(10.25) from ₹(4.07). The Board did not declare any dividend due to the losses. A new 8x4 production line was commissioned at the Velapur factory, and the company introduced products like EcoPallets, EcoHeatlogs and EcoKindlings under its EcoBuild and EcoEnergy divisions. Management remains confident that recent investments in German technology and new product lines will drive growth over the next 2-3 years.
Shareholders face a deeply negative year with revenue halved and losses more than doubling, while no dividend was declared. The stock remains a high-risk bet on management's stated turnaround story in eco-friendly building materials and clean energy, with the next 2-3 years being critical to validate the strategy.